Romania’s residential market saw a sharp acceleration in July 2025, recording record apartment sales both in capital city Bucharest and in other major cities, against the backdrop of the government announcing the increase in the standard VAT rate to 21% from 19%, effective August 1, 2025, according to data from real estate consulting company Colliers..
La Fantana, the leading player in the segment of water bottling and supply for water coolers, has contracted a EUR70 million loan from ING Bank Romania, ING Bank N.V. and Raiffeisen Bank S.A. to support its current operations and development, law firm Filip & Company, which assisted the banks in this transaction, announced on August 20.
Patria Bank (stock symbol: PBK), listed on the Regulated Market of the Bucharest Stock Exchange, has announced in a stock market report on August 20 that the total portfolio of performing loans granted to legal entities reached RON2.13 billion on June 30, 2025, up 16% against December 31, 2024 and up 24% from RON1.72 billion reported on June 30, 2024.
The three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies' leu-denominated loans, continues to stagnate at 6.60%, in line with central bank data.